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2022 Q2 Multifamily Columbia Report

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Columbia multifamily posts positive absorption despite additional inventory

Key Takeaways

  • 327 units will deliver in 2022
  • Monthly asking rental rates increased 8.82% year-over-year for new leases

New multifamily units continue to be delivered to the market. The Babcock located at 2110 Pickens Street added 208 units to the market during the second quarter of 2022, and despite the increased inventory, the market absorbed 99 units.

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2022 Q2 Multifamily Columbia Report

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David Lockwood

Executive Vice President and COO | South Carolina

Columbia

I have a great appreciation for business competition and enjoy helping our team members win. This has been relevant in my career in brokerage activities with our clients and now with my approach to management. I enjoy seeing the success of people within Colliers who apply a strong work ethic and perservere to win assignments. I possess a strong passion for helping our clients achieve their goals whether it is in leasing space or determining solutions to complicated real estate matters. 

I am very active in numerous real estate organizations. I am a South Carolina Real Estate Commissioner. I am currently the Vice President of SIOR Global and will assume the role of President-Elect in October 2022.

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